The
Federal Reserve System is a sovereign power structure separate and distinct from
the federal United States government. The Federal Reserve is a maritime lender,
and/or maritime insurance underwriter to the federal United States operating
exclusively under Admiralty/Maritime law. The lender underwriter bears the
risks, and the Maritime law compelling specific performance in paying the
interest, or premiums are the same.
Assets
of the debtor can also be hypothecated (to pledge something as a security
without taking possession of it) as security by the lender or underwriter. The
Federal Reserve Act stipulated that the interest on the debt was to be paid in
gold. There was no stipulation in the Federal Reserve Act for ever paying the
principal.
Prior
to 1913, most Americans owned clear, allodial title to property, free and clear
of any liens or mortgages until Federal Reserve Act (1913).
"Hypothecated"
all property within the federal United States to the Board of Governors of the
Federal Reserve, - in which the Trustees (stockholders) held legal title, the
U.S. citizen (tenant, franchisee) was registered as a "beneficiary"
of the trust via his/her birth certificate. In 1933, the federal United States
hypothecated all of the present and future properties, assets and labor of
their "subjects," the 14th. Amendment U.S. citizens, to the Federal
Reserve System.
In
return, the Federal Reserve System agreed to extend the federal United States
corporation all the credit "money substitute" it needed. Like any
other debtor, the federal United States government had to assign collateral and
security to their creditors as condition of the loan. Since the federal United
States didn't have any assets, they assigned the private property of their
"economic slaves," the U.S. citizens, as collateral against the
unpayable federal debt. They also pledge the
unincorporated
federal territories, national parks forest, birth certificates, and nonprofit
organizations, as collateral against the federal debt. All has already been
transferred as payment to the international bankers.
Unwittingly,
America has returned to its pre-American Revolution, Feudal roots whereby all
land is held by a sovereign and the common people had no rights to hold
allodial title to property. Once again, We the People are the tenants and
sharecroppers renting our own property from a Sovereign in the guise of the
Federal Reserve Bank. We the People have exchanged one master for another.
This
has been going on for over eighty years without the "informed"
knowledge: Of the American people, without a voice protesting loud enough. Now
it's easy to grasp why America is fundamentally bankrupt.
Why
don't more people own their properties outright?
Why
are 90% of Americans mortgaged to the hilt and have little or no assets after
all debts and libilities have been paid? Why does it feel like you are working
harder and harder and getting less and less?
We are reaping what has been sown, and the result of our harvest is
a painful bankruptcy, and a foreclosure on American property, precious
liberties, and a way of life. Few of our elected representatives in Washington,
D.C. have dared to tell the truth. The federal United States is bankrupt. Our
children will inherit this unpayable debt, and the tyranny to enforce paying
it.
America has become completely bankrupt in world
leadership, financial credit and its reputation for courage, vision and human
rights. This is an undeclared economic war. Bankruptcy, and economic slavery of
the most corrupt order! Wake up America